News Releases
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Baker Hughes to Present at the 2008 UBS Global Oil & Gas Conference
May 14, 2008
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HOUSTON, May 14, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that Andy O'Donnell, Vice President and President, Baker Petrolite, will present at the 2008 UBS Global Oil & Gas Conference in Austin, TX, on Tuesday, May 20, 2008 at 10:25 a.m. eastern time.
If you would like to listen to Mr. O'Donnell's presentation during the conference, please log on to the following website: http://investor.shareholder.com/bhi/events.cfm. If you would lik...
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Baker Hughes to Present at the Calyon Energy Conference 2008
May 8, 2008
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HOUSTON, May 8, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that Peter Ragauss, Senior Vice President and Chief Financial Officer, will present at the Calyon Energy Conference 2008 in New York, NY, on Wednesday, May 14, 2008 at 8:30 a.m. eastern time.
If you would like to listen to Mr. Ragauss's presentation during the conference, please log on to the following website: http://investor.shareholder.com/bhi/events.cfm. If you would like to...
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Baker Hughes to Present at the Tristone Capital Energie '08 Conference
May 8, 2008
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HOUSTON, May 8, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that Paul Butero, President, INTEQ, will present a luncheon keynote address at the Tristone Capital Energie '08 Conference in Paris, France, on Wednesday, May 14, 2008 at 1:00 p.m. Paris time. Additionally, Gary Flaharty, Director, Investor Relations, will present a company update on Tuesday, May 13 at 11:10 a.m. Paris time
If you would like to listen to Mr. Butero's o...
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Baker Hughes Announces April 2008 Rig Counts
May 7, 2008
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HOUSTON, May 7, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for April 2008 was 1,074, up 20 from the 1,054 counted in March 2008, and up 90 from the 984 counted in April 2007. The international offshore rig count for April 2008 was 297, up 12 from the 285 counted in March 2008 and up 3 from the 294 counted in April 2007.
The US rig count for April 2008 was 1829, up 32 from the 1,797 counted in Mar...
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Baker Hughes Declares Regular Quarterly Dividend
Apr 24, 2008
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HOUSTON, April 24, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) chairman, president and chief executive officer, Chad C. Deaton, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $0.13 per share of common stock payable May 16, 2008, to holders of record May 5, 2008.
Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil...
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Baker Hughes Announces First Quarter Results
Apr 22, 2008
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HOUSTON, April 22, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) today announced that net income for the first quarter 2008 was $395.0 million or $1.27 per diluted share compared to $374.7 million or $1.17 per diluted share for the first quarter 2007 and $400.5 million or $1.26 per diluted share for the fourth quarter 2007. Net income for the first quarter 2008 includes a pre-tax gain of $28.2 million (approximately $18.4 million after-tax or $0.06 per d...
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GMI launches 3D Geomechanics Services
Apr 21, 2008
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HOUSTON, April 21, 2008 - GeoMechanics International, Inc. (GMI) is pleased to announce the launch of a new service that provides 3D mechanical simulations of the stress field around salt structures. This new service avoids unrealistic assumptions that are generally used for wellbore stability analyses, such as the vertical stress being a principal stress, and thus is capable of providing a far more reliable prediction of safe mud weights than a standard analysis. Recent application of this ser...
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BHI Acquires Reservoir Consulting Firms
Apr 16, 2008
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HOUSTON, April 16, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that it has acquired two reservoir consulting firms -- Gaffney, Cline & Associates (GCA) and GeoMechanics International (GMI) -- strengthening the company's capabilities in reservoir engineering, technical and managerial advisory services and reservoir geomechanics.
The company also announced that D. Nathan Meehan, PhD, P.E. has joined Baker Hughes as Vice President, Res...
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Baker Hughes Announces March 2008 Rig Counts
Apr 7, 2008
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HOUSTON, April 7, 2008, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for March 2008 was 1,054, up 22 from the 1,032 counted in February 2008, and up 60 from the 994 counted in March 2007. The international offshore rig count for March 2008 was 285, up 10 from the 275 counted in February 2008 and up 2 from the 283 counted in March 2007. The US rig count for March 2008 was 1,797, up 32 from the ...
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Baker Hughes Inaugurates Center for Technology Innovation (CTI) with an Open House
Apr 4, 2008
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HOUSTON - April 4, 2008 - Baker Hughes Incorporated (NYSE: BHI; EBS) held an open house today to celebrate the opening of Phase I of its new Center for Technology Innovation (CTI) in northwest Houston.
"The CTI is a world class research and engineering center. This $42 million investment demonstrates our company's commitment to developing new completion and production technologies," said Chad Deaton, Baker Hughes Chairman, President and CEO. "Innovations created and tested here will ...
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Baker Hughes Centrilift Subsea Booster Systems Chosen for Cascade and Chinook
Apr 1, 2008
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Claremore, Oklahoma, April 1, 2008: Baker Hughes Centrilift has been awarded the contract for six seabed electrical submersible puming (ESP) systems and the associated topsides ESP Management System from FMC Technologies Inc., the prime contractor for the subsea production equipment and pumping systems for Petrobras America's Cascade and Chinook subsea development project in the deepwater Gulf of Mexico. The systems are the first seabed horizontal ESP booster systems planned in the Gulf of Mexi...
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Baker Oil Tools Installs Industry's First RAM™ Multilateral System on Alaska's North Slope
Mar 17, 2008
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HOUSTON (March 17, 2008) Baker Oil Tools has achieved the first successful installation of a new rotating, self-aligning multilateral (RAM) system on Alaska's North Slope. The RAM system is the industry's first tool that can continuously rotate liners and screens into extended-reach lateral bores while simultaneously landing multilateral junctions. "On Alaska's North Slope, extended-reach multilateral wells are necessary to ensure maximum contact with trapped oil pools....
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Baker Hughes Announces Conference Call
Mar 17, 2008
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HOUSTON, March 17, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that it has scheduled a conference call on Tuesday, April 22, 2008 at 8:30 a.m. eastern, 7:30 a.m. central. During the conference call, the company intends to discuss results for the first quarter of 2008, ending March 31, 2008. The results are expected to be released on Tuesday, April 22, 2008, before the market opens.
To access the call, which is open to the public, pl...
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Baker Oil Tools' 100th Intelligent Well System Installation Optimizes Production in Offshore Equatorial Guinea
Mar 7, 2008
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HOUSTON, TX (March 07, 2008) Baker Oil Tools has completed the 100th worldwide installation of its intelligent well system (IWS) at the Okume Complex, offshore Equatorial Guinea. The technology provides permanent monitoring of downhole flow, pressure and temperature, enabling the operator to optimize production and reduce costly interventions. "We are very proud of this outstanding track record, made possible through strategic project management and the application ...
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Baker Hughes Announces February 2008 Rig Counts
Mar 7, 2008
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HOUSTON, March 7, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for February 2008 was 1,032, down 21 from the 1,053 counted in January 2008, and up 51 from the 981 counted in February 2007. The international offshore rig count for February 2008 was 275, down 16 from the 291 counted in January 2008 and down 11 from the 286 counted in February 2007. The US rig count for February 2008 wa...
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Baker Hughes to Present at the Raymond James' 29th Annual Institutional Investors Conference
Feb 25, 2008
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HOUSTON, Feb 25, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that Gary Rich, President, Hughes Christensen, will present at the Raymond James' 29th Annual Institutional Investors Conference in Orlando, FL, on Monday, March 3, 2008 at 11:00 a.m. eastern time.
If you would like to listen to Mr. Rich's presentation during the conference, please log on to the following website: http://investor.shareholder.com/bhi/events.cfm. If you...
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Baker Hughes Announces January 2008 Rig Counts
Feb 7, 2008
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HOUSTON, Feb 07, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) announced today that the international rig count for January 2008 was 1,053, up 17 from the 1,036 counted in December 2007, and up 81 from the 972 counted in January 2007. The international offshore rig count for January 2008 was 291, unchanged from the 291 counted in December 2007 and up 15 from the 276 counted in January 2007.
The international rig count for January 2008 reflects a 16 r...
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Baker Hughes to Present at the 2008 Credit Suisse Energy Summit
Jan 31, 2008
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HOUSTON, Jan 31, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that Chad C. Deaton, chairman and chief executive officer of Baker Hughes Incorporated will present at the 2008 Credit Suisse Energy Summit in Vail, Colorado, on Tuesday, February 5, 2008 at 7:40 a.m. mountain time (9:40 am eastern time).
If you would like to listen to Mr. Deaton's presentation during the conference, please log on to the following website: http://www.bakerhughe...
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Baker Hughes Announces Fourth Quarter and Annual Results
Jan 30, 2008
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HOUSTON, Jan 30, 2008 /PRNewswire via COMTEX News Network/ -- Baker Hughes Incorporated (NYSE: BHI; EBS) today announced that net income for the fourth quarter 2007 was $400.5 million or $1.26 per diluted share compared to $326.2 million or $1.02 per diluted share for the fourth quarter 2006 and $389.1 million or $1.22 per diluted share for the third quarter 2007. Net income for the year 2007 was $1,513.9 million or $4.73 per diluted share, compared to $2,419.0 million or $7.27 per diluted share...
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Baker Hughes Declares Regular Quarterly Dividend
Jan 24, 2008
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HOUSTON, Jan 24, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Baker Hughes Incorporated (BHI: NYSE; EBS) chairman and chief executive officer, Chad C. Deaton, announced today that the Baker Hughes Board declared the regular quarterly cash dividend of $0.13 per share of common stock payable February 15, 2008, to holders of record February 4, 2008. Baker Hughes is a leading provider of drilling, formation evaluation, completion and production products and services to the worl...
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 = add release to Briefcase
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